Vibrant Cities and Realogics Sotheby's International Realty to Break Ground on Resort-Inspired Condominium "Infinity Shore Club Residences" at Alki Beach; Hosts Reception

SEATTLE, Jan. 28, 2020 /PRNewswire-PRWeb/ -- Vibrant Cities and Realogics Sotheby's International Realty (RSIR) jointly announce the official "beach-breaking" for Infinity Shore Club Residences at Alki Beach—an exclusive collection of 40 condominium estates in one plus den, two-, and three-bedrooms (1,108 – 2,382 SF plus large exterior terraces) to be offered from below $1.5 million to more than $5 million. The official ceremony for the groundbreaking at 1250 Alki Avenue SW will be open to the public today, January 28th, at 3:00 p.m., with a planned reception following from 4:00 p.m. until 7:00 p.m. at Salty's Waterfront Seafood Grill at 1936 Harbor Avenue SW (RSVP required – see link below).

"The Infinity Shore Club Residences is in a category of one," remarked Matt Van Damm, Vice President of New Developments at RSIR. "I believe it to be the most unique, new condominium development ever conceived in Seattle and it's perched on irreplaceable waterfront. We'll offer a limited collection of estate-sized residences, designed by acclaimed interior designer Susan Marinello of Susan Marinello Interiors and Bob Tiscareno of Tiscareno Associates. Among the many features owners and guests will enjoy expansive outdoor living spaces overlooking Elliott Bay and endless views of the city skyline and the Olympic Mountains."

Billed as a "horizontal high-rise", the six-story, concrete and steel community boasts one and two-level homes and premium specifications to be built by Walsh Group, an industry leader in high-rise and mid-rise construction with more than $4 billion in annual revenues and more than 5,500 units of residential experience.

The collection of luxury residences also offers uncommon, resort-inspired amenities, including an infinity-edge outdoor pool, spa, sun deck, expansive concierge lobby, private club lounge, rooftop deck, watersports gear station, a car wash, a dog wash and ample private parking and storage.

"Seattle is now a tier one city that is ready for a world-class, waterfront enclave such as Infinity Shore Club Residences," said James Wong, Co-Founder and CEO of Vibrant Cities. "There won't be another development like this for a long time because it took more than 23 years to assemble five contiguous waterfront homes in a row, creating a broader footprint to explore more inspired architecture and larger residences. Our vision was to offer the best in class of everything for this development, so we have assembled an extraordinary team to bring an entirely new level of residential excellence to Alki Beach."

With groundbreaking Wong says Infinity Shore Club could be completed as soon as Summer 2021. This allows prospective buyers the opportunity to secure their new home now, prepare to sell an existing home, and enjoy their first summer on the shoreline of Elliott Bay.

"Our buyer profiles will be many, including move-down buyers from single-family homes, seeking a lock-and-leave lifestyle; urban professionals that will walk to the West Seattle foot ferry; second homeowners that desire a beach home on the bay; and city dwellers that want to be close to downtown Seattle but not live within it," said Ming Fung, Co-Founder and CFO of Vibrant Cities. "Alki Beach offers the perfect balance of being so close to the city while being surrounded by natural elements and preserved vistas."

Such a luxurious offering is timed with a noted rebound in the Seattle housing market. According to the S&P/Case-Shiller Home Price Index released today, median home prices in the region are up 3.3% year-over-year while price points of $1,500 to $2,000+ per sq. ft. are now commonly achieved for premium condominiums in both downtown Seattle and Bellevue, or along the Kirkland waterfront.

"The Infinity Shore Club Residences are akin to the penthouses of the new condominium towers in downtown Seattle but on the beach and in a much more boutique community," added VanDamm. "This is a first-of-its-kind offering and much like other legacy beachfront estates, I think these homes will be passed down to future generations with inherently limited resale opportunities."

A public sales campaign will commence in the coming weeks, however prospective buyers may reserve a specific home for priority presales in exchange for a $10,000 fully-refundable deposit.

Van Damm encourages interested parties to RSVP for this celebratory event at https://spark.re/realogics/infinity/rsvp-event/infinity-shore-club-groundbreaking-celebration

For more information on Infinity Shore Club, please visit their newly launched website at http://www.infinityshoreclub.com.

ABOUT VIBRANT CITIES (http://www.VibrantCities.com): Vibrant Cities is a local Seattle-based company that focuses on the development of multifamily and hospitality properties in the heart of Seattle and Portland. Vibrant currently owns or has investments in over 1,700 units in the various stages of the development lifecycle. The company's mission is to build vibrant and smart communities that people feel proud to call home. Vibrant strives to bring people more happiness by decreasing their commute time by building great communities where people can live, work and play all within a short walk.

ABOUT RSIR (http://www.RSIR.com): - A leading global sales and marketing brokerage firm in the Pacific Northwest, RSIR is a boutique real estate collective of 250+ brokers service branches in downtown Seattle, Bainbridge Island, Kirkland, Madison Park and Bellevue. RSIR is a project marketing specialist currently representing more than $1 billion in new condominium developments planned throughout the Puget Sound region.

EDITORS NOTES: For project renderings, photos of executives and views contact 206.448.5752.

SOURCE RISR